Muthoot Finance vs Manappuram Finance: Top gold loan providers

Gold AUM (assets under management) with Muthoot Finance as of FY20 was Rs 41,600 crore as compared to Rs 17,000 crore with Manappuram Finance in FY20.

Gold consists of 88 per cent of total AUM within Muthoot Finance. In case of Manappuram Finance, gold consists 67 per cent.

Gold loan book of Muthoot Finance shows 49 per cent of the loans have been disbursed in South India, followed by North with 23 per cent. Only 9 per cent of total gold loan was disbursed in the East.

In case of Manappuram Finance, out of total gold loan disbursed, South India has a major share of 58 per cent as of FY20. East, West and North regions have shares of 12 per cent, 16 per cent and 14 per cent, respectively, in total gold loans disbursements.

Total borrowings of Muthoot Finance as of FY20 were estimated at Rs 37,000 crore. While Manappuram Finance had total borrowings of Rs 21,800 crore as of FY20.

Net profit of Muthoot Finance for FY20 was Rs 3,020 crore, a growth of 55 per cent from the preceding year. Manappuram Finance saw a net profit of Rs 1,480 crore which was higher by 53 per cent from FY19.

There are total 5,330 branches of Muthoot Finance in India as of FY20, out of which 4,567 branches are for gold loans. Manappuram Finance has 4,622 branches out of which 3,529 branches deal in gold loans.